ABOUT ANIKA EQUITIES

Anika Equities, LLC invests JV Equity for new developments and value-add opportunities in the top 30 US markets with experienced and seasoned sponsorship. Anika will invest up to 90% of the equity required and up to 97% of the capital stack when combined with senior debt.

We pride ourselves with being innovative, responsive, and adaptive to the unique nature of any given project and the market that it inhabits.

JV EQUITY

Up to 97% of the capital stack over senior debt and up to 90% of the equity required.

$2 to $5 million in the top 30 US markets and up to $30 million in the NYC metro area.

Seasoned and experienced sponsors and developers only.

In a value-add opportunity Anika will typically share in the initial cash flow pari-passu, take a priority position in the waterfall in a capital event and get an 8-10% pref accrual and return of capital prior to sponsor receiving the same pref, and then allow a 20-25% promote on Anika’s capital.

In a new development Anika will take a priority position in the waterfall and a preferred return of between 10% and 12%, and then a portion of the equity giving consideration for the priority position after sponsor capital is returned.

Anika will typically invest when:

construction drawings are complete or near complete,

a GMP with the GC can be obtained,

construction debt is secured,

entitlements are completed and permits are ready to be pulled.

Daniel Edrei

MANAGING PARTNER

Daniel Edrei

MANAGING PARTNER

Daniel Edrei has 25 years experience as a lender, owner, and investor. Starting his career in the early ’90’s with the family owned firm Meecorp Capital Markets, he has been responsible for origination, underwriting, asset management, and marketing of a multitude of financial products including commercial real estate conventional, bridge, and mezzanine loans, preferred equity investments, accounts receivable financing, and ground sale/lease backs.

Daniel is a creative, out-of-the-box thinker with talent, integrity, and knowhow. I have closed several deals with him and his team that were more competitive than what the market had to offer, and will continue to enjoy working with him on deals going forward.

Stan Gale Sr

Gale International || CEO

Daniel is a dealmaker that fights to get a deal closed once he has decided to do it. I have had the pleasure of working with him and his family at Meecorp for almost 20 years and look forward to closing many more deals under the umbrella of his new venture.

Steven D. Fleissig

Greenberg Traurig, LLP || Shareholder

Daniel Edrei has cut his teeth in the business as a bridge and mezzanine lender, equity investor, and owner/operator of real estate with Meecorp since the early 90's. We are very happy to see him spread his wings in this exciting new venture and will continue to support and invest in his deals as the opportunities arise.

Michael Edrei

Meecorp Capital Markets, LLC || Managing Director

Daniel designed a creative hybrid product with elements of both debt and equity for a NYC luxury condo development that we were engaged to source equity for, that was highly competitive to market and closed expeditiously. Daniel acted professionally and effectively in his deployment of JV equity. The project is now in development, pre-sales are moving well, and pricing is exceeding expectations. From my past experience, I would definitely recommend Daniel in this capacity.

Jeffrey Kosow

Carlton Group || Managing Director

Daniel is a person of the highest integrity, loyal to a fault and incredibly tenacious in everything that he does. Without hesitation I recommend Daniel as a potential capital provider and business partner.

David Eyzenberg

President || Eyzenberg & Company

Daniel and I worked together on both an LP equity and GP equity financing and both deals performed phenomenally. Throughout the investment cycle we had to deal with situations that required well thought out strategies and good negotiating skills. In dealing with Daniel I enjoyed the highest standards of partnership and business ethics.

Mikhail Kurnev

Wainbridge Capital

Daniel Edrei is highly selective in choosing investment opportunities for his clients and partners, has represented each investment candidly and thoroughly, and has worked hard to preserve and deliver the projected returns when the inevitable change from plan occurs. I have gone through the investment life of funded projects over the past several years, and have confidence to invest further in future projects as they evolve.

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Daniel Edrei

Daniel Edrei has 25 years experience as a lender, owner, and investor. Starting his career in the early ’90’s with the family owned firm Meecorp Capital Markets, he has been responsible for origination, underwriting, asset management, and marketing of a multitude of financial products including commercial real estate conventional, bridge, and mezzanine loans, preferred equity investments, accounts receivable financing, and ground sale/lease backs. He has been featured and quoted as an expert in a multitude of commercial real estate publications and had numerous speaking engagements.

Edrei is skilled at designing 'win-win' situations for buyers, sellers, investors, and borrowers. He is an out-of-the-box creative thinker. His strengths include structuring, analytics, communication and problem solving skills. He is an alumnus of New York University, with continued education in real estate, finance and banking.